New Home Sales Contract 11.4%: Sales Barely Up Year-Over-Year
mishtalk.com / Mike “Mish” Shedlock / May 23, 2017
Housing momentum took an 11.4% dive in April to 565,000 seasonally adjusted annualized (SAAR) units. The Econoday consensus estimate of 602,000 units missed the mark badly, but there was an upward revision in March.
Mortgage News Daily reports New Home Sales Contract Sharply in April.
Sales of newly constructed homes lost momentum in April, reversing three straight months of gains. The Census Bureau and the Department of Housing and Urban Development said sales were down 11.4 percent from March to a seasonally adjusted annual rate of 569,000, and barely eked out an 0.5 percent gain from the April 2016 estimate of 566,000 units.
The post New Home Sales Contract 11.4%: Sales Barely Up Year-Over-Year appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/23/new-home-sales-contract-11-4-sales-barely-up-year-over-year/
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